Red Rock Resorts Inc (RRR) To Go Ex-Dividend on June 14th

Red Rock Resorts Inc (NASDAQ:RRR) announced a quarterly dividend on Wednesday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 15th will be paid a dividend of 0.10 per share on Friday, June 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 14th.

Shares of Red Rock Resorts opened at $34.30 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.09 and a quick ratio of 1.04. Red Rock Resorts has a 1-year low of $21.41 and a 1-year high of $35.77. The firm has a market cap of $3.97 billion, a P/E ratio of 55.32 and a beta of 1.65.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Red Rock Resorts had a return on equity of 16.46% and a net margin of 4.11%. The firm had revenue of $421.04 million during the quarter, compared to the consensus estimate of $411.13 million. sell-side analysts predict that Red Rock Resorts will post 1.29 earnings per share for the current fiscal year.

RRR has been the subject of a number of recent analyst reports. BidaskClub raised Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Telsey Advisory Group initiated coverage on Red Rock Resorts in a report on Tuesday, March 13th. They issued a “market perform” rating and a $32.00 target price for the company. Citigroup reduced their target price on Red Rock Resorts from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Nomura initiated coverage on Red Rock Resorts in a report on Tuesday, May 8th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Macquarie downgraded Red Rock Resorts from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Red Rock Resorts has an average rating of “Hold” and an average target price of $34.00.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

Dividend History for Red Rock Resorts (NASDAQ:RRR)

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